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A UK judge said banks can enforce an Indian court ruling that relates to allegations that Vijay Mallya willfully defaulted on about $1.4 billion in debt for his now-defunct Kingfisher Airlines Ltd.

India businessman Vijay Mallya arrives for a hearing for his extradition case at Westminster Magistrates Court in London on April 27.(AP File Photo)

Indian tycoon Vijay Mallya lost a UK lawsuit filed by Indian banks seeking to collect more than 1.15 billion pounds ($1.55 billion) amid allegations that he committed massive fraud.

Judge Andrew Henshaw in London Tuesday said the lenders, including IDBI Bank Ltd., can enforce an Indian court ruling that relates to allegations that Mallya willfully defaulted on about $1.4 billion in debt for his now-defunct Kingfisher Airlines Ltd. Henshaw also refused to overturn a worldwide order freezing Mallya’s assets.

The 62-year-old is fighting numerous lawsuits in the UK and his native country over fraud and money-laundering allegations. He was arrested in London more than a year ago and is waging another fight to block extradition in a different court about three miles across town.

Lawyers for Mallya declined to comment after the hearing. Henshaw refused permission to appeal Tuesday’s ruling, meaning his attorneys will have to directly petition the Court of Appeal.

Attorneys at law firm TLT in London, who are representing the lenders said the ruling will allow them to enforce the underlying judgment by the Indian debt recovery tribunal immediately.

The asset freeze order had forced Mallya to live on 5,000 pounds a week, but his allowance was increased to roughly 20,000 pounds a week earlier this year, lawyers for the lenders said after the hearing.

Allegations

Mallya was arrested in London April 18 on a warrant issued by Indian authorities accusing him of conspiring to defraud India’s IDBI Bank through a 91 billion-rupee ($1.4 billion) loan to Kingfisher Airlines Ltd. -- a premium airline he founded in 2005 and shut down seven years later.

Mallya left India in 2016, saying he was moving to England to be closer to his children. He has refused to return to India and said he fears an unfair trial amid the “media frenzy and hysteria” over unpaid dues. Mallya has also said government agencies are pursuing a “heavily biased investigation” and holding him guilty without trial.

SAINT PETERSBURG: A
homemade bomb blast at a supermarket in the Russian city of Saint Petersburg injured 10 people Wednesday, officials said, sparking a
probe into attempted murder.

"According to preliminary information, an explosion of
an unidentified object occurred in a store," a spokeswoman for Russia's Investigative
Committee, Svetlana Petrenko, said in a statement.

The blast was caused by a "homemade explosive device
with the power equivalent to 200 grammes of TNT filled with lethal
fragments," she said.

"The investigation is looking at all possible causes of
what happened," she said, adding that a probe for attempted murder had
been launched.

The incident comes several months after Russia's second city
was rocked with a metro bombing in April which killed 16 people and amid
concern that hundreds of Russian citizens who travelled to fight alongside
jihadists groups abroad could pose a mounting security challenge back home.

Rattled by a one-two
punch of betrayal and scandal, Donald Trump on Thursday tried to block the
publication of a bare-knuckle book that portrays his White House as a fetid
stew of backbiting, incompetence and dysfunction. The publishers
responded by moving the release date up by four days to Friday. Trump instructed his
lawyers to prevent the release of “Fire and Fury: Inside
the Trump White House” -- an expose by author and political muckraker Michael
Wolff -- which quotes key Trump aides expressing serious doubt
about his fitness for office. The book -- which
paints Trump as mentally unstable and far out of his depth -- quotes at length
his former ally and chief strategist Steve Bannon, who also received a “cease and
desist” order from Trump’s attorneys. “Your publication of
the false/baseless statements about Mr. Trump gives rise to, among other
claims, defamation by libel, defamation by libel per se, false light invasion
of privacy, tortious interference with contractual relations, an…